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$365,000

An opportunity to own an income-producing duplex in a convenient Chattanooga location! With both units rented, this property offers established rental income, spacious floor plans and flexibility for your investment goals. The duplex features a three-bedroom, two-bath unit and a two-bedroom, one-and-a-half-bath unit, totaling approximately 2,428 square feet. One unit rents for $1,750 per month under a one-year lease beginning August 2026, while the other rents for $1,350 per month on a month-to-month agreement. Combined gross rental income is $3,100 per month, or $37,200 annually at current rents. Previously updated electrical, plumbing, flooring and appliances complement the partial brick exterior, while two garage spaces provide convenient parking and storage. Situated on approximately 0.30 acres near Highway 58, the property offers easy access to shopping, dining and downtown Chattanooga. Whether you're purchasing your first investment property or expanding your portfolio, this duplex combines established rental income with options for the future. All interior photos were taken prior to tenants moving in. Please do not disturb tenants. No showings until the property is under contract. Access will be coordinated following an accepted, fully executed purchase agreement.

5 Beds ⋅ 4 Baths ⋅ 1543830 MLS

3932 Bowman Lane, Chattanooga

Listing courtesy of Real Estate Partners Chattanooga LLC.